Five-Unit Multifamily
For Sale
$1,695,000
250 Red Hill Avenue, San Anselmo, CA 94960
Two separate buildings provide a mix of studio and two-bedroom residences with garage and off-street parking.
Property Size2,755 SF
Price / SF$615.25
Days on Market184
Property Features for 250 Red Hill Avenue
General Information
Standard status
Active
Size
2,755 SF
Total Parking Spaces
7
Property subtype
Multi Family
Units
Unit Mix
2 x studio, 3 x 2BR/1BA
Multifamily Units
5
Building Details
Building Size
2,755 SF
Year Built
1924
Buildings
2
Listing Agency:
Golden Gate Sotheby's International Realty
Listed By:
Glass Group · License #01489472
(415) 845-2965
Source:
Colmglass
Added: Apr 28
Changed: Oct 26
Last Checked: Oct 26 at 3:02PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Golden Gate Sotheby's International Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property includes five units in two buildings, with approximately 2,755 square feet of total building area. The front building is a duplex with two 2-bedroom, 1-bath units. A triplex at the rear contains two studios and one 2-bedroom, 1-bath unit; the triplex has been remodeled. The property was built in 1924.
Parking includes four garage spaces, split evenly between the buildings, plus three off-street spaces.
Parking includes four garage spaces, split evenly between the buildings, plus three off-street spaces.
Key Highlights
- Five units across two separate buildings
- Approximately 2,755 square feet of total building area
- Front duplex with two 2BR/1BA units; rear triplex with two studios and one 2BR/1BA unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$92,472
Cap Rate
5.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,849,440
$1.8M
Cap Rate 7%
$1,321,029
$1.3M
Cap Rate 9%
$1,027,467
$1.0M
Market Conditions
NOI Build-Up for 2,755 SF
Gross rent
$140.5K $51.00/SF
− Vacancy
−$8.4K −$3.05/SF
EGI
$132.1K $47.95/SF
− OpEx
−$39.6K −$14.39/SF
NOI
$92.5K $33.57/SF
Area
Marin County, CA
Vacancy
5.98%
Lease Rate
$51.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,849,440
Cap Rate 7%
$1,321,029
Cap Rate 9%
$1,027,467
Alternative Uses
Best Use
Multifamily LT 5
$1.32M
$1.16M – $1.54M
NOI $92,472 @ 7.0% cap · market cap 5.46%
Second Best
Apartment 5plus
$570.1K
$498.9K – $665.2K
NOI $39,909 @ 7.0% cap · market cap 2.35%
Theoretical Best
Specialty Retail
$13.46M
$11.77M – $15.70M
NOI $941,993 @ 7.0% cap · market cap 55.57%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
1,424
Businesses Nearby
Explore this area
Business Placement
Demographics for 94960, CA
15,920
Population
6,641
Households
2.4
Avg Household Size
47
Median Age
73%
College-Educated
98%
High-School Grad
5.9 sq mi
ZIP Area
2,698
Density / Sq Mi
$172,332
Median Household Income
$84,644
Median Earnings
$2,838
Median Rent
$1,589,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - Two separate buildings provide a mix of studio and two-bedroom residences with garage and off-street parking.
Where is this multifamily property located?
The property is located at 250 Red Hill Avenue San Anselmo, CA.
What is the asking price?
The asking price for this property is $1,695,000.
What are key features of this property?
This property features: Five units across two separate buildings; Approximately 2,755 square feet of total building area; Front duplex with two 2BR/1BA units; rear triplex with two studios and one 2BR/1BA unit
